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Your Insider’s Guide to Finding the Best Electricity Rates and Energy Plans in Point
Whether you are a business owner, new resident, or long-time citizen of Point, this comprehensive guide will enable you to find your best solution for an electricity plan.
Point Electricity Rates
As a resident or business owner within Point, you can choose the electricity provider that best meets your needs.
ComparePower is a free consumer service established in 2009 to help residents of Point shop for their best electricity plan.
Plan information is presented in a user-friendly format that enables quick and simple comparison of available plans and options.
Competing plans from several different energy companies are displayed conveniently, making comparing your options simple and fast.
This helps Texas energy customers to avoid hidden markups and advertising gimmicks by comparing “apples-to-apples” plans without throwing away hours and hours making phone calls or sorting through hundreds of online sites.
63 Point Electric Rates
These live rates for TEXAS-NEW MEXICO POWER COMPANY service area were updated on . Pricing shown is based on an exact usage of 1000 kWh.
Electricity Price Trends in Point
Electricity in Point has been deregulated. As an energy consumer, you can choose a retail electricity provider (your energy company), which gives you control and power over your energy bills.
Deregulation of electricity in the state de-monopolized the energy market for most of Texas, the city of Point included, which introduced lots of competition.
As a result, many fantastic energy companies compete for your business in Point by offering low rates, making it a great time to shop, switch, and save money on your power statement.
As many as 100+ providers compete for your business in Point, with hundreds of plans to select from.
Average Electricity Rates in Point
Updated October 2023
The average residential electricity rate in Texas is 14.01 ¢/kWh, 13.70% less than the U.S. average.
Got me the cheapest electric. Nice.Emily (TX, United States)
How to Find the Best Energy Plan in Point
#1 rule: Determine what your usage is!
Knowing how much energy you will use each month is the best way to shop for energy in Point. Why does this matter?
The rate electricity companies advertise for an exact monthly usage (typically 1000 kWh).
Every plan has a different equation for how your monthly statement is computed, and your monthly bill will be determined by how much energy you use in a month.
Unless you match the exact advertised usage each month, you will end up paying a “price per kWh” different than what you observed when you signed up.
Fortunately, there’s a better way to shop for an energy plan.
Calculating your expected monthly bill based on estimated monthly usage, then comparing rates with the total monthly bill is the best way to shop for the best rate for you.
Better yet, if you have 12 months of usage history for your household, you can compare plans by total annual cost. This annualized method considers the changes in usage between the summer and winter months and is the best way to determine the right energy plan for your home.
ComparePower does all the complicated math for you instantly. What takes hours on a spreadsheet is now done in a few seconds.
We put the power in your hands, taking what would amount to hours of investigation, spreadsheets, and computations across hundreds of plans and assisting you step-by-step with the energy plan that’s best for your home’s consumption.
We clarify the fine print, disclosing all fees, so you’ll know exactly where your money goes and what to expect on your bill.
We then help you order your plan with your selected power provider without ever leaving our service.
The takeaway here is you must determine your expected or historical usage before picking the right energy plan for your home.
If you don’t know your usage, estimate
Suppose you recently purchased a home or business or cannot obtain 12 months of usage history. In that case, you can always estimate your average monthly energy usage.
While not as optimal as having all the previous 12 months of usage, estimating your average usage is better than blindly choosing the first plan you see advertised by an energy company at a specific usage that isn’t what you’ll consume.
Use ComparePower to find the best energy plan for your specific usage.
Ready to find the best plan for your household? Enter your zip code to get started:
Moving to Point: Setting up Electricity
If this is your first time setting up electricity service in Point, to get the best rate, you need to get the previous 12 months of energy usage for your new home.
Ask the previous homeowner to provide you with their past 12 months of usage.
This information is readily found in recent billing statements.
Acquiring usage for the past 12 months may take effort, but the time (and savings) will be well worth it.
Once you have historical usage, ComparePower will do the math instantly to help you find the best plan for your home’s usage pattern.
Note: If you cannot obtain historical usage information, a second option would be to estimate your future usage using our “Help Me Choose” tool. By simply entering your zip code, the tool can assess your home’s projected electricity consumption.
Sign-up for a plan instantly through ComparePower. We will remind you when it’s time to come back to switch and save at the end of the plan length you decide on.
Ready to get started? Enter your zip code below, and we'll guide you to the best energy plan for your new home.
Switching Electricity Companies in Point
Switching is good. Market conditions are constantly changing, so it is essential to shop for a lower price each year when your contract is about to expire.
Your existing energy company will raise your energy rate once your contract expires. If you fail to take action, you’ll be left on a month-to-month rate that is significantly more than the plan you signed up for.
Before renewing your contract, check the rates of competing energy providers.
Switching can save you hundreds or thousands of dollars yearly on your energy bill.
Switching is easy:
- You don’t have to contact your current company to cancel (no “break-up call”)
- No one comes to your home
- There is no disruption in your power supply
- It takes just minutes
When you switch, your new electricity company will handle everything, including canceling service with your previous provider.
There is no loss of power when you switch. Electricity in Point is all delivered by the Oncor Transmission and Distribution Utility.
The wires and poles that deliver power to your home do not change when you switch electricity companies. Therefore the reliability of your service is not affected.
You can pick any date within 14 days of your contract expiration without an “early cancellation” fee. That’s Texas Law.
If you’re still under contract, find out how many months remain on your contract. You can set a future start date with most providers up to 6o days in advance.
And even if you’re well inside your contract, savings achieved on your monthly bill by switching companies may outweigh the fee to break your existing contract.
If you’re ready to switch and would like to know how to find the best plan remember that knowing your usage is the best way to find the best price.
You will want to gather your past usage for the past 12 months to determine the best plan with the lowest rate for your household.
Ready to find the best plan for your household's usage? Enter your zip code to get started:
Point Energy Companies
Are you trying to find an excellent electricity company in Point?
You can sign up for service with great electricity providers such as TXU Energy, Reliant, Direct Energy, and more.
Click on the provider of your choice to view prices, learn more, or sign up.
|Energy Companies in Point||Phone Number|
|New Power Texas||888-316-0697|
No-Deposit Electricity Plans in Point
Need to find an energy plan in Point that doesn’t require a deposit?
If your first choice of plans charges a deposit, ComparePower will automatically show you additional plans that require no money down.
Instead of calling around energy providers or browsing through websites to determine if different electricity companies require a deposit, this will save you tremendous time and effort.
Working for you, we will instantly review any deposit requirements for other plans, allowing you to get power and return to your everyday activities stress-free.
Learn how to get no-deposit lights.
You may be eligible to waive the deposit if you meet one of the Texas Public Utility Commission §25.478 – Credit Requirements and Deposits.
Get your lights turned on the same day with No Deposit. Enter your zip code to get started:
Point Business Energy Rates
If you own a company in Point, you’ll discover many other businesses also have established themselves here.
Point is home to many small and large companies and is a thriving place to run a business.
You need to shop for prices from competing providers to lower your electricity costs.
ComparePower bridges the gap between your business and energy companies by inviting various energy companies to compete for your business in a sealed bid process.
You enroll your information on ComparePower, and the providers will present their bids. You choose the best price. Simple, quick, and easy.
Click here to get competing quotes for your business electricity.
To learn more about smart meters or to download your electricity usage, visit Smart Meter Texas.
To report an issue with your electricity service or power outages in Point, visit the Texas-New Mexico (TNMP) website or call them at 1-888-866-7456.
For gas service in Point, call or visit Point’s official city website to determine who your provider is.
In Point, the City of Point usually handles water, garbage, sewer, and recycling services.
Other Utility Service Areas in Texas
Not in the Texas-New Mexico (TNMP) Service area? Search low electricity rates by service area and local utility company.
Click on your Texas Distribution Utility (TDU) below to compare electricity rates in your service area.
- Texas-New Mexico Power (TNMP)
- AEP Texas North
- AEP Texas Central
- Sharyland Utilities
Don’t know your TDU? Use our zip code finder to search for your new low rate:
View Electricity Prices for Zip Codes in Point
Find cheap electricity rates by zip code. Click on your zip code below to find competitive rates in your area.
Popular ZIP codes:
View Electricity Prices for Cities Near Point
Are you searching for a lower electricity rate in a different city? If so, you can find the location below and then click to sign up for a more affordable electricity plan.
If your city is not on the list, use the zip code finder for a rate lower than what you currently pay in your city.
- Houston, TX
- Dallas, TX
- Fort Worth, TX
- Arlington, TX
- Katy, TX
- Corpus Christi, TX
- Spring, TX
- Plano, TX
- Irving, TX
- Laredo, TX
- Midland, TX
- Odessa, TX
- Tyler, TX
- Richmond, TX
- Cypress, TX
- Grand Prairie, TX
- Humble, TX
- Round Rock, TX
- Waco, TX
- Killeen, TX
- Sugar Land, TX
- Abilene, TX
- Pearland, TX
- Mcallen, TX
- Mesquite, TX
- Pasadena, TX
- Richardson, TX
- Baytown, TX
- Carrollton, TX
- Wichita Falls, TX
- San Angelo, TX
- Lewisville, TX
- Missouri City, TX
- Mission, TX
- Temple, TX
- League City, TX
- Mckinney, TX
- Galveston, TX
- Pflugerville, TX
- Harlingen, TX
Point Electricity Rates FAQs
Who has the cheapest Point Electricity Rates?
There are over 60 electricity providers with hundreds of energy plans. When shopping for the cheapest rate, take your home’s kilowatt-hour usage into account. The best way to find the best rate for your home is to compare energy plans according to your usage. Find the right energy plan for your kWh usage with ComparePower.
How do I find the best Point Electricity Rates?
Picking the wrong energy plan without knowing your home’s energy usage can cost you hundreds or thousands of dollars. Compare energy plans and electricity rates with your home’s electricity usage profile to find your best rate. Shop with your usage on ComparePower and save both time and money.
Support You Can Count On
Questions? Our local experts can help you navigate options and find the best electricity plan. Reach out to us.